CMC News

#AvalonLabs Burns 80 Million #Tokens Worth $16 Million

Avalon Labs has completed burning 80 million $AVL tokens, permanently eliminating 44% of the circulating supply.

The burned tokens primarily consisted of unclaimed allocations from an earlier #airdrop campaign launched in March 2024.

During the campaign period, over $20 million worth of $AVL was successfully claimed by more than 100,000 participants.

The unclaimed tokens worth approximately $16 million have been permanently removed from circulation.

This token burn marks the beginning of a deflationary cycle for $AVL, designed to unlock additional value for holders.

#AvalonLabs operates as a $BTC financial services platform that recently completed strategic funding led by #YZiLabs.

The company positions this burn as the start of a new business expansion phase.

Long-term incentives are now better aligned with the reduced token supply and strengthened ecosystem foundation.